Reserve Bank of India says there are imbalances in the real estate sector and prices in the housing sector are high. Director RBI Mirdul Sagar while responding to issues concerning the economy and its impact on the common man at Chandigarh said that the declining savings and investment rates as highlighted in the annual report 2013 of RBI. He said that industrial growth showed negative trend and employment generation also remained weak since 2011-12 fiscal year. He, however, said that poverty had witnessed a decline in 2011-12. He said that public sector banks still dominate rural and agricultural economy as compared to private banks, especially in extending agriculturally loans.